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Side-by-side financial comparison of NEOGENOMICS INC (NEO) and National Energy Services Reunited Corp. (NESR). Click either name above to swap in a different company.

National Energy Services Reunited Corp. is the larger business by last-quarter revenue ($295.3M vs $186.7M, roughly 1.6× NEOGENOMICS INC). National Energy Services Reunited Corp. runs the higher net margin — 6.0% vs -57.9%, a 63.9% gap on every dollar of revenue. On growth, NEOGENOMICS INC posted the faster year-over-year revenue change (11.1% vs -12.2%).

NeoGenomics Laboratories, Inc., also known as NeoGenomics or Neo, is an American CLIA-certified clinical laboratory, pharma services and information services company that specializes in cancer genetics diagnostic testing. The company's testing services include cytogenetics, fluorescence in situ hybridization (FISH), flow cytometry, immunohistochemistry, anatomic pathology, and molecular genetics.

National Energy Services Reunited Corp. is a leading integrated oilfield services provider offering a full suite of solutions covering well construction, completion, production, and intervention services for upstream oil and gas operators. Its core markets cover the Middle East, North Africa, and East Asia, serving both national oil companies and international energy clients.

NEO vs NESR — Head-to-Head

Bigger by revenue
NESR
NESR
1.6× larger
NESR
$295.3M
$186.7M
NEO
Growing faster (revenue YoY)
NEO
NEO
+23.3% gap
NEO
11.1%
-12.2%
NESR
Higher net margin
NESR
NESR
63.9% more per $
NESR
6.0%
-57.9%
NEO

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
NEO
NEO
NESR
NESR
Revenue
$186.7M
$295.3M
Net Profit
$-108.0M
$17.7M
Gross Margin
43.3%
12.0%
Operating Margin
46.9%
6.6%
Net Margin
-57.9%
6.0%
Revenue YoY
11.1%
-12.2%
Net Profit YoY
42.0%
-14.0%
EPS (diluted)
$-0.13
$0.18

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
NEO
NEO
NESR
NESR
Q1 26
$186.7M
Q4 25
$190.2M
Q3 25
$187.8M
$295.3M
Q2 25
$181.3M
$327.4M
Q1 25
$168.0M
$303.1M
Q4 24
$172.0M
Q3 24
$167.8M
$336.2M
Q2 24
$164.5M
$325.0M
Net Profit
NEO
NEO
NESR
NESR
Q1 26
$-108.0M
Q4 25
Q3 25
$-27.1M
$17.7M
Q2 25
$-45.1M
$15.2M
Q1 25
$-25.9M
$10.4M
Q4 24
Q3 24
$-17.7M
$20.6M
Q2 24
$-18.6M
$18.9M
Gross Margin
NEO
NEO
NESR
NESR
Q1 26
43.3%
Q4 25
43.8%
Q3 25
42.8%
12.0%
Q2 25
42.6%
13.4%
Q1 25
43.6%
12.4%
Q4 24
44.9%
Q3 24
44.6%
15.9%
Q2 24
44.1%
16.4%
Operating Margin
NEO
NEO
NESR
NESR
Q1 26
46.9%
Q4 25
-7.1%
Q3 25
-14.4%
6.6%
Q2 25
-26.3%
8.3%
Q1 25
-16.6%
6.9%
Q4 24
-10.7%
Q3 24
-12.6%
10.5%
Q2 24
-13.3%
10.5%
Net Margin
NEO
NEO
NESR
NESR
Q1 26
-57.9%
Q4 25
Q3 25
-14.4%
6.0%
Q2 25
-24.9%
4.6%
Q1 25
-15.4%
3.4%
Q4 24
Q3 24
-10.5%
6.1%
Q2 24
-11.3%
5.8%
EPS (diluted)
NEO
NEO
NESR
NESR
Q1 26
$-0.13
Q4 25
Q3 25
$0.18
Q2 25
$0.16
Q1 25
$0.11
Q4 24
Q3 24
$0.22
Q2 24
$0.20

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NEO
NEO
NESR
NESR
Cash + ST InvestmentsLiquidity on hand
$146.1M
$69.7M
Total DebtLower is stronger
$274.1M
Stockholders' EquityBook value
$828.8M
$956.7M
Total Assets
$1.3B
$1.8B
Debt / EquityLower = less leverage
0.29×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NEO
NEO
NESR
NESR
Q1 26
$146.1M
Q4 25
$159.6M
Q3 25
$164.1M
$69.7M
Q2 25
$154.7M
$131.8M
Q1 25
$346.2M
$78.7M
Q4 24
$367.0M
Q3 24
$362.0M
$118.2M
Q2 24
$355.1M
$75.0M
Total Debt
NEO
NEO
NESR
NESR
Q1 26
Q4 25
$341.9M
Q3 25
$274.1M
Q2 25
$291.7M
Q1 25
$309.2M
Q4 24
$541.1M
Q3 24
$358.7M
Q2 24
$376.7M
Stockholders' Equity
NEO
NEO
NESR
NESR
Q1 26
$828.8M
Q4 25
$836.6M
Q3 25
$838.3M
$956.7M
Q2 25
$854.0M
$936.9M
Q1 25
$888.3M
$920.5M
Q4 24
$902.3M
Q3 24
$908.2M
$873.5M
Q2 24
$915.9M
$851.4M
Total Assets
NEO
NEO
NESR
NESR
Q1 26
$1.3B
Q4 25
$1.4B
Q3 25
$1.4B
$1.8B
Q2 25
$1.4B
$1.8B
Q1 25
$1.6B
$1.8B
Q4 24
$1.6B
Q3 24
$1.6B
$1.8B
Q2 24
$1.6B
$1.8B
Debt / Equity
NEO
NEO
NESR
NESR
Q1 26
Q4 25
0.41×
Q3 25
0.29×
Q2 25
0.31×
Q1 25
0.34×
Q4 24
0.60×
Q3 24
0.41×
Q2 24
0.44×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NEO
NEO
NESR
NESR
Operating Cash FlowLast quarter
$-8.1M
$6.7M
Free Cash FlowOCF − Capex
$-34.1M
FCF MarginFCF / Revenue
-11.5%
Capex IntensityCapex / Revenue
13.8%
Cash ConversionOCF / Net Profit
0.38×
TTM Free Cash FlowTrailing 4 quarters
$68.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NEO
NEO
NESR
NESR
Q1 26
$-8.1M
Q4 25
$1.3M
Q3 25
$8.9M
$6.7M
Q2 25
$20.3M
$98.5M
Q1 25
$-25.3M
$20.5M
Q4 24
$9.8M
Q3 24
$9.2M
$70.8M
Q2 24
$13.9M
Free Cash Flow
NEO
NEO
NESR
NESR
Q1 26
Q4 25
$-6.5M
Q3 25
$570.0K
$-34.1M
Q2 25
$14.0M
$68.7M
Q1 25
$-29.8M
$-9.6M
Q4 24
$-1.8M
Q3 24
$-1.6M
$43.4M
Q2 24
$814.0K
FCF Margin
NEO
NEO
NESR
NESR
Q1 26
Q4 25
-3.4%
Q3 25
0.3%
-11.5%
Q2 25
7.7%
21.0%
Q1 25
-17.8%
-3.2%
Q4 24
-1.0%
Q3 24
-0.9%
12.9%
Q2 24
0.5%
Capex Intensity
NEO
NEO
NESR
NESR
Q1 26
Q4 25
4.1%
Q3 25
4.4%
13.8%
Q2 25
3.5%
9.1%
Q1 25
2.7%
9.9%
Q4 24
6.7%
Q3 24
6.4%
8.1%
Q2 24
8.0%
Cash Conversion
NEO
NEO
NESR
NESR
Q1 26
Q4 25
Q3 25
0.38×
Q2 25
6.48×
Q1 25
1.97×
Q4 24
Q3 24
3.43×
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

NEO
NEO

Segment breakdown not available.

NESR
NESR

Production Services$174.4M59%
Drilling And Evaluation Services$120.9M41%

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